Throughout his tenure, Marwan Kheireddine managed to accomplish many achievements. He played an essential role in securing government approval for the Cross-Border Cash Limitation Act, limiting cash transactions across borders, and putting Lebanon in compliance with international standards.
Kheireddine is also known for ensuring that Lebanon’s banking sector was compliant with international laws and norms by championing such measures as the Capital Markets Law and Anti-Money Laundering Law. While at Banque du Liban, Marwan Kheireddine assisted in drafting a circular which allows banks to support startups, incubators, venture capital funds through investments. In total, this has created a positive environment that offers financial freedom to entrepreneurs while protecting their investments. Learn more about Marwan Kheireddine
What impact did Marwan have on Lebanon?
Marwan Kheireddine played a role in rebuilding Lebanon after the 2005 war. He led the Moroccan Fund for Development with a total commitment of $2 billion to Lebanon, part of the United Nation’s post-war reconstruction program. He also served the Board of Directors as chairman at Lebanese International Bank, Beirut Stock Exchange, and Banque du Liban.
He was instrumental in establishing governance and policy frameworks conducive to private investment, economic development, and international trade. Marwan Kheireddine has been recognized and rewarded with more than ten honorary degrees from universities worldwide for promoting business and economic growth in Lebanon during his time as Minister of State.
The Lebanese Banking Sector
The Lebanese Banking Sector is a diverse industry that has grown significantly since the end of the war in 1990. Banks operating in Lebanon have tripled, reaching $9 billion. With this rapid growth, the government has created a framework to support the stability and sustainability of Lebanon’s banking sector. This framework creates long-term value for investors through stability and increased profitability. Lebanon’s Banking Sector was ranked #6 in Forbes Middle East’s list of best banks, second only to Bahrain due to its resilient economy and stable political climate.